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Your daily horoscope: January 13, 2026

  IF TODAY IS YOUR BIRTHDAY There may be nothing new under the sun but what takes place over the next 12 months will take you by surprise because it never occurred to you that such things were possible. Forget about what went before – it’s what comes next that matters. ARIES (March 21 - April 20): The best way to deal with information that does not make sense is to ignore it. It may seem important now but with so many changes on the horizon you will have forgotten about it by this time tomorrow – so it can’t be that significant can it? TAURUS (April 21 - May 21): The next few days are going to be special for everyone but especially for you. Cosmic activity in your fellow Earth sign of Capricorn is intensifying by the minute, so what might be considered outrageous today will seem perfectly normal tomorrow. GEMINI (May 22 - June 21): It may be tempting to do what is expected of you just to stay in the good books of your employer or a senior colleague but you need to be more adventuro...
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Tax Planning Resolutions for 2024

 

As the new year approaches, it’s important to consider your financial goals for 2024. One of the most important things to consider is income tax planning. Knowing about newer tax rules and benefits can help you customize a plan that will maximize your money in the year ahead. Here are five tax planning resolutions to consider:

  • Understand your tax rate: Each year, the federal government sets new tax brackets for personal income tax and certain benefit amounts that are indexed for inflation. For the 2024 tax year, Canadians will see an indexation increase of 4.7% to their personal income tax brackets.

  • Contribute to your employer’s RRSP: The biggest investment experts say you can make in your future while optimizing your tax savings is contributing your pre-tax income into an RRSP account. For the 2023 tax year, workers can contribute up to $30,780 in tax-deferred income to an RRSP, according to the CRA. In 2024, the limit will increase to $31,560.

  • Take advantage of home buyer tax perks: Two programs with tax benefits for Canadian home buyers are the First Home Savings Account (FHSA), the First-Time Home Buyer Incentive (FTHIB). There’s also the First-Time Home Buyers’ Tax Credit, sometimes called the Home Buyers’ Amount.

  • Check your eligibility for child care benefits: If you’re a parent (or plan to become one soon), there are several helpful tax benefits to incorporate into your annual financial plan. The Canada Child Benefit is the most notable perk which currently provides parents up to $7,437 per child under the age of six and up to $6,275 for children ages six through 17 in 2023.

  • Maximize self-employment income and benefits: If you run your own business or are self-employed, tax time is ideal for making a plan of attack for the year ahead. Your plan should include a cash flow analysis, including how you’re paid from your business.

I hope this helps! Let me know if you have any other questions.

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